China CNR Corp. (601299 CH): The country’s biggest maker of
rail and subway cars said first-quarter net income increased 39
percent from a year earlier to 258.6 million yuan. The stock
added 1.7 percent to 5.40 yuan.

China CSSC Holdings Ltd. (600150 CH): The unit of the
nation’s biggest shipbuilder said first-quarter net income
increased 11 percent from a year earlier to 693 million yuan.
The shares dropped 1.2 percent to 62.12 yuan.

China Merchants Bank Co. (600036 CH): The nation’s fifth-largest lender by market value said first-quarter net income
rose 40 percent to 5.91 billion yuan, rebounding from its first
annual profit decline in at least six years. The stock rose 0.1
percent to 13.82 yuan.

China Petroleum & Chemical Corp. (600028 CH): The Asia’s
biggest oil refiner, also known as Sinopec, said first-quarter
profit increased 39.9 percent to 15.79 billion yuan. That’s in
line with the 15.8 billion-yuan median estimate of six analysts
surveyed by Bloomberg News. The shares added 0.4 percent to
10.03 yuan.

China State Construction Engineering Corp. (601668 CH): The
nation’s largest housing contractor said it won a $1.5 billion
contract to build roads in Congo. The stock lost 0.5 percent to
3.91 yuan.

FAW Car Co. (000800 CH): The company that makes passenger
cars in China with Volkswagen AG said first-quarter net income
gained 182 percent to 701 million yuan. The stock rose 1.5
percent to 18.46 yuan.

Hainan Airlines Co. (600221 CH): The Chinese carrier backed
by U.S. billionaire George Soros said first-quarter net income
surged 693 percent from a year earlier to 252 million yuan. The
stock lost 0.5 percent to 7.97 yuan.

Ping An Insurance (Group) Co. (601318 CH): The nation’s
second-biggest insurer, which entered an agreement in June 2009
to buy a 22 billion yuan stake in Shenzhen Development Bank Co.,
extended the deadline for the transaction to June 28 from April
30. The stock fell 1.3 percent to 48.99 yuan.

Shanghai Lujiazui Finance & Trade Zone Development Co.
(600663 CH): The developer in Shanghai’s financial district said
first-quarter net income rose 22 times on a year earlier to
949.5 million yuan. The stock fell 1.7 percent to 19 yuan.

Shenzhen Development Bank Co. (000001 CH): The bank said
its first-quarter net income rose 40.6 percent from a year
earlier to 1.58 billion yuan and aims to boost its capital
adequacy ratio to above 10 percent between 2010 and 2012. The
stock gained 1.5 percent to 20.14 yuan.

Suning Appliance Co. (002024 CH): China’s biggest home
appliance retailer by market value said first-quarter net income
gained 86 percent from a year earlier to 883.8 million yuan. The
stock added 1.8 percent to 10.99 yuan.